Cost of Living in Tippecanoe County, Indiana
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Tippecanoe County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Tippecanoe County ranks #2,380 of 3,142 counties for affordability (bottom 24%)
Sourced county brief
Tippecanoe County Official Median Rent Burden Percentage Reaches 33.8%
In Tippecanoe County, the official median gross rent as a percentage of household income (GRAPI) was estimated at 33.8%. This metric, which serves as the canonical rentToIncomePct for the county, is 6.9 percentage points higher than the Indiana unweighted county mean of 26.9%. Median gross rent in the county is $1,124 per month, exceeding the state unweighted county mean of $911. For homeownership, the median home value is $239,300, which is above the Indiana unweighted county mean of $191,899. Median selected monthly owner costs for all owner-occupied housing units in Tippecanoe County were $1,043, compared to the state unweighted county mean of $951. The median renter-household income for the area is $36,674. These statistics are based on the 2020-2024 American Community Survey 5-Year Estimates. No causal relationships between income and housing costs are implied by these snapshot figures. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Tippecanoe County
Affordability Verdict
ACS B25071 estimates median gross rent at 33.8% of renter household income in Tippecanoe County, which is between the 30% and 50% rent-burden benchmarks. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $1,124 per month; median selected monthly owner costs are $1,043. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $44,960 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Indiana unweighted mean of county median rents is $911 per month. Tippecanoe County's $1,124 median is 23.4% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Tippecanoe County
Rent Burden
22.2%
of gross income
Max Housing (28% Rule)
$1,415
per month
Owner Cost Burden
20.6%
of gross income
The median home in Tippecanoe County may be a stretch
Median home value is $239,300. Estimated monthly cost: $1,910 vs. your max of $1,415.
Rent Affordability Guide
Income Needed Calculator
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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